EBR - Centrais Elétricas Brasileiras S.A. - Eletrobrás

NYSE - NYSE Delayed Price. Currency in USD
9.83
-0.12 (-1.21%)
At close: 4:01PM EDT

9.89 +0.06 (0.63%)
After hours: 4:21PM EDT

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Previous Close9.95
Open9.68
Bid9.81 x 800
Ask9.82 x 900
Day's Range9.55 - 9.96
52 Week Range3.51 - 11.16
Volume315,946
Avg. Volume337,801
Market Cap13.353B
Beta (3Y Monthly)-0.22
PE Ratio (TTM)N/A
EPS (TTM)-0.54
Earnings DateN/A
Forward Dividend & Yield0.21 (2.07%)
Ex-Dividend Date2019-05-09
1y Target Est2.50
Trade prices are not sourced from all markets
  • Reuters

    CEO expects Brazil's power holding Eletrobras to be privatized next year

    The CEO of Brazil's state-controlled power holding Centrais Eletricas Brasileiras SA expects the government to privatize the company through a share offering after February next year. In conference calls with analysts and reporters, Wilson Ferreira Jr. said the decision on the privatization will be taken this year, and he does not expect the government to demand a "golden share" in the company after its privatization, since the power industry is heavily regulated in Brazil. Ferreira also said he expects to sell all the stakes in windfarms and transmission companies Eletrobras has put on the block by November.

  • Eletrobras says Brazilian president approves privatisation plan, shares surge
    Reuters

    Eletrobras says Brazilian president approves privatisation plan, shares surge

    Brazil's state-controlled Centrais Eletricas Brasileiras SA , known as Eletrobras, said in a securities filing on Thursday that President Jair Bolsonaro had authorized studies into privatising the power company via a share offering. The company, which is responsible for almost one third of the generational capacity and half of Brazil's power transmission grid, said the privatisation would need to be approved by Congress. Bolsonaro, who was elected last year on an economic platform that included aggressive pro-market reforms and privatisations, met with Eletrobras' Chief Executive Officer Wilson Ferreira Jr on Thursday, sending the company's share price to a record high on hopes it might be privatised.

  • Reuters

    UPDATE 2-Eletrobras says Brazilian president approves privatization plan, shares surge

    Brazil's state-controlled Centrais Eletricas Brasileiras SA, known as Eletrobras, said in a securities filing on Thursday that President Jair Bolsonaro had authorized studies into privatizing the power company via a share offering. The company, which is responsible for almost one third of the generational capacity and half of Brazil's power transmission grid, said the privatization would need to be approved by Congress. Bolsonaro, who was elected last year on an economic platform that included aggressive pro-market reforms and privatizations, met with Eletrobras' Chief Executive Officer Wilson Ferreira Jr on Thursday, sending the company's share price to a record high on hopes it might be privatized.

  • Reuters

    Brazil govt to raise 18 bln reais from Eletrobras capital increase -minister

    Brazil's government is expected to raise about 18 billion reais ($4.8 billion) after a capital increase in utility Eletrobras, Minister of Minas and Energy Bento Alburquerque said in an interview with GloboNews on Wednesday night. Eletrobras will issue between 30 billion reais and 36 billion in new shares, part of which will be used to pay off debt with Brazil's government. Albuquerque told GloboNews that the proposal will be presented to President Jair Bolsonaro for a final decision within two weeks.

  • Reuters

    UPDATE 4-Petrobras, Brazil government dodge bullet as Supreme Court approves asset sales

    Brazil's Supreme Court ruled on Thursday that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras. Also on Thursday, Supreme Court Justice Edson Fachin, who ruled in May to suspend the $8.6 billion sale of Petrobras' TAG pipeline unit to France's Engie SA, reversed his decision in light of the full court's ruling, allowing Petroleo Brasileiro SA, as the firm is formally known, to go ahead with the divestment. The decisions will allow Petrobras to proceed with its plan to divest $27 billion of non-core assets by 2023, which it has repeatedly said is key to reducing its bloated debt load.

  • Reuters

    Brazil's Eletrobras plans sale of stakes in 45 cos in second half -CEO

    Brazil's state-controlled power holding company Centrais Eletricas Brasileiras SA plans to sell 45 stakes in companies, mostly windfarms, in the second half of the year, Chief Executive Officer Wilson ...

  • Reuters

    Brazil's state-run Eletrobras Q1 profit soars

    Brazilian state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday posted a first-quarter profit almost three times the size of its earnings a year earlier. Eletrobras, as the company ...

  • Moody's

    Centrais Eletricas Brasileiras SA-Eletrobras -- Moody's announces completion of a periodic review of ratings of Centrais Eletricas Brasileiras SA-Eletrobras

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Centrais Eletricas Brasileiras SA-Eletrobras and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Reuters

    Brazil's Eletrobras misses workforce reduction target

    Brazil's state-controlled Centrais Eletricas Brasileiras SA has not met its workforce reduction target with a voluntary buyout program, the company's chief executive said on Friday. Wilson Ferreira Jr., the chief executive, said only 438 employees joined the program so far, less than 25 percent of the 2,000 workers that Eletrobras, as the company is known, was planning to layoff. Ferreira said Eletrobras will create new workforce reduction programs to reach its goal of having 12,000 employees by 2020, down from the current 14,000.

  • Reuters

    Private investors raise bets in Brazil power sector as state firms fade

    International private companies have increased their investment in Brazil's power sector over the last three years even as the country's cash-strapped state-controlled companies have cut back, a Reuters survey of power companies shows. Eight out of 11 large foreign private firms operating in Brazil boosted investments in the power sector from 2016 to 2018, some of them by more than 200 percent, the poll showed. Meanwhile, the three largest state-controlled firms - Eletrobras , Cemig and Copel - cut their annual spending by around 45 percent over the same period.

  • Were Hedge Funds Right About Flocking Into Centrais Elétricas Brasileiras S.A. – Eletrobras (EBR) ?
    Insider Monkey

    Were Hedge Funds Right About Flocking Into Centrais Elétricas Brasileiras S.A. – Eletrobras (EBR) ?

    Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]

  • Reuters

    Brazil's Eletrobras reports hefty profit, boosted by privatizations

    Brazilian state-run electricity company Eletrobras on Thursday reported a fourth-quarter profit of 12.07 billion reais ($3.02 billion), a sharp turnaround from the year before, thanks in part to the sale of money-losing subsidiaries and the reversal of impairments. The quarterly performance of Centrais Eletricas Brasileiras SA, as the company is formally known, marks a strong improvement over the same period in 2017, when the firm posted a loss of 3.9 billion reais. Throughout 2018, the Eletrobras privatized six distribution subsidiaries in northern and northeastern Brazil.

  • Reuters

    Brazil's Eletrobras privatization plan could be ready by June -minister

    A plan to transfer to private investors a controlling stake at Latin America's largest power firm, Brazil's Eletrobras, could be ready as soon as June, Energy Minister Bento Albuquerque said on Wednesday. Albuquerque said the Brazilian government wants to discuss the plan in detail with lawmakers before it sends the proposal for a vote in the Congress. The privatization likely will happen through a capitalization plan in which new shares would be offered to investors in a process that would dilute the largest shareholder, the Brazilian government, to such a level that it will no longer hold a controlling stake.

  • Reuters

    Brazil wants Eletrobras capitalization plan ready by June -minister

    Brazilian Mines and Energy Minister Bento Albuquerque told journalists on Wednesday he plans to have a plan to capitalize state-run electricity company Centrais Elétricas Brasileiras SA, known as Eletrobras, ...

  • Reuters

    Brazil's Petrobras Distribuidora gets profit boost from Eletrobras privatizations

    Petrobras Distribuidora SA, the distribution unit of Brazilian state-run oil firm Petroleo Brasileiro SA, posted a major boost in quarterly net profit on Tuesday thanks to the effective payment of debts it was owed. In a securities filing, the firm posted a fourth-quarter net profit of 1.605 billion reais ($427 million), up some 202.3 percent from the same period a year before and well above the mean estimate of 613 million reais calculated by Refinitiv. In the filing, the firm, which went public in December 2017, said that much of the net profit boost could be attributed to the effective payments of debts that it was owed via the privatization of Centrais Eletricas de Rondonia, Boa Vista Energia and Eletroacre.

  • Reuters

    Brazil sanitation privatizations could follow model of Eletrobras distributors

    Brazil's Economy Minister Paulo Guedes said on Friday that the model used to privatize six distributors owned by Centrais Eletricas Brasileiras is an example to be followed in the future, such as in the ...

  • Reuters

    Brazil hydroelectric plant pauses operations after Vale disaster

    Brazil's Retiro Baixo hydroelectric plant has suspended operations to preserve its equipment but the dam is safe, state-owned Eletrobras said, after last week's deadly disaster at a mining dam owned by Vale. Vale's Brumadinho tailings dam, used to store the muddy detritus from mining, collapsed on Friday, killing at least 84 in one of Brazil's largest industrial accidents on record. The Retiro Baixo plant in Minas Gerais, which has 82 megawatts (MW) capacity, is owned Eletrobras subsidiary Furnas and by state mining company Cemig.

  • CNBC

    UPDATE 1-Eletrobras CEO says capital raise needed, format undetermined

    Brazil's new government will support state-run utility Centrais Eletricas Brasileiras SA raising capital but whether that is through privatization or another format has not yet been determined, Chief Executive Wilson Ferreira said on Tuesday. Ferreira told Reuters he has begun to discuss how to capitalize Eletrobras, as the company is known, with Mines and Energy Minister Bento Albuquerque, but not yet with Economy Minister Paulo Guedes or President Jair Bolsonaro. The previous government tried that but was not able to get a bill authorizing the operation through Congress last year.

  • Reuters

    Brazil's Odebrecht to pay 161.9 million reais to Eletrobras in new leniency deal

    SAO PAULO (Reuters) - Brazilian construction conglomerate Odebrecht SA has agreed to pay 161.9 million reais (£32.8 million) to Centrais Eletricas Brasileiras SA in a deal with authorities to ...

  • Reuters

    Brazil's Odebrecht to pay $41.7 mln to Eletrobras in new leniency deal

    Brazilian construction conglomerate Odebrecht SA has agreed to pay 161.9 million reais to Centrais Eletricas Brasileiras SA in a deal with authorities to help settle corruption allegations against it, ...

  • Reuters

    Brazil's Equatorial Energia wins auction to buy Eletrobras distributor

    Brazil's Equatorial Energia won an auction on Friday to acquire 90 percent of an electric distributor owned by state-controlled company Eletrobras for 45 billion reais , according to a securities filing. ...

  • Reuters

    Eletrobras delays auction of Ceal energy distributor amid high interest

    The privatization auction of a unit of Brazilian state-run power holding company Centrais Eletricas Brasileiras SA was delayed to accommodate investors who needed more time to examine the unit, the company's chief executive said on Monday. Many potential buyers had requested information in the last week about the Ceal unit, said Wilson Ferreira Jr, the CEO of Eletrobras, as the company is known. The successful sale of Ceal would mark Eletrobras' complete exit from electricity distribution, having already sold off five other subsidiaries in the segment, which together had accumulated billions of dollars in losses over decades.